A press release just came in from Peppercoin, one of the significant innovators in the micropayments space.

It reports a deal with Chase Merchant Services, "which serves the e-commerce, retail and small business industries [and] processes 4.3 billion transactions annually, translating to an annual revenue stream of $295 billion." In the U.S. each year, point-of-sale transactions of under $5 amount to $1.32 trillion.

If the micropayment companies can establish themselves in physical space, it will facilitate their expansion into cyberspace. And, in my not-very-humble opinion, this will revolutionize the marketing and delivery of digitized products.

One small step for a company; one giant step for digikind.

UPGRADE (01/12, 2:25 P.M.): Peppercoin has also announced "that the Peppercoin Small Transaction Suite is the first small payments solution to receive Visa CISP and MasterCard SDP certification and validate compliance with the data security programs of the major credit card associations."

I am a little hazy on exactly what this means, but it sounds like progress.

posted by James DeLong @ 8:13 AM | Internet: P2P, Search Engines...

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